Risk and Compliance Officer

Placements24; East London; On-site; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Competitive salary

Medical benefits

Generous leave

Professional development

East London office

Pension

Job summary

Placements24 is seeking a diligent Risk and Compliance Officer in East London to ensure adherence to FAIS, FICA, POPIA, and related regulatory requirements. The role focuses on developing and monitoring risk management frameworks across the organization, with on-site responsibilities in the Eastern Cape.

The ideal candidate will have 4+ years in risk and compliance within financial services or insurance, a relevant degree, and strong analytical skills.

Qualifications

• Bachelor's degree in Law, Business, Finance, or a related field.
• 4+ years of experience in risk and compliance within financial services or insurance.
• In-depth knowledge of South African insurance regulations and compliance frameworks.
• Strong analytical, problem-solving, and investigative skills.
• Excellent written and verbal communication skills.
• Proficiency in risk assessment tools and compliance management software.

Responsibilities

• Develop and implement comprehensive risk management policies and procedures.
• Monitor regulatory changes and ensure compliance with applicable laws and regulations (e.g., FAIS, FICA, POPIA).
• Conduct regular risk assessments and compliance audits to identify vulnerabilities and improvements.
• Investigate and report on compliance breaches or incidents.
• Develop and deliver compliance training programs to employees.
• Advise management on risk mitigation strategies and best practices.
• Maintain all compliance-related documentation and records.
• Liaise with regulatory bodies and external auditors.
• Assist in the development and implementation of internal controls.
• Stay informed about emerging risks and industry trends in insurance.

Skills

Analytical skills

Problem solving

Investigative skills

Education

Bachelor's degree in Law, Business, Finance, or related field

Tools

Risk assessment tools

Compliance management software

Job description

About the Role

Our client, a well-established insurance provider operating in **East London**, is actively seeking a diligent and detail-oriented Risk and Compliance Officer. This position is critical for ensuring the company adheres to all relevant regulatory requirements, internal policies, and industry best practices. Based in our **East London** office, you will play a key role in developing, implementing, and monitoring risk management frameworks and compliance programs across the organization. The ideal candidate will possess a strong understanding of the insurance regulatory landscape, excellent analytical skills, and a proactive approach to identifying and mitigating potential risks. This is an on-site role that offers the opportunity to contribute significantly to the operational integrity and stability of the company within the **Eastern Cape**.

Key Responsibilities

• Develop and implement comprehensive risk management policies and procedures.
• Monitor regulatory changes and ensure the company's compliance with all applicable laws and regulations (e.g., FAIS, FICA, POPIA).
• Conduct regular risk assessments and compliance audits to identify potential vulnerabilities and areas for improvement.
• Investigate and report on compliance breaches or incidents.
• Develop and deliver compliance training programs to employees.
• Advise management on risk mitigation strategies and best practices.
• Maintain all compliance-related documentation and records.
• Liaise with regulatory bodies and external auditors.
• Assist in the development and implementation of internal controls.
• Stay informed about emerging risks and industry trends affecting the insurance sector.

Requirements

• Bachelor's degree in Law, Business, Finance, or a related field.
• A relevant professional qualification in compliance or risk management is highly desirable.
• Minimum of 4 years of experience in a risk and compliance role within the financial services or insurance industry.
• In-depth knowledge of South African insurance regulations and compliance frameworks.
• Strong analytical, problem-solving, and investigative skills.
• Excellent written and verbal communication skills, with the ability to articulate complex requirements clearly.
• Proficiency in risk assessment tools and compliance management software.
• High level of integrity, professionalism, and attention to detail.
• Ability to work independently and manage multiple priorities effectively in an office environment.
• Experience in developing and conducting training sessions.
• Familiarity with data privacy regulations.

Benefits

• Competitive salary and potential for performance-based bonuses.
• Comprehensive medical and retirement benefits.
• Generous annual leave and other paid time off.
• Opportunities for professional development and certifications.
• A stable and reputable company with a strong market presence.
• Work in a critical role ensuring organizational integrity.
• Supportive team and management structure.
• Convenient office location in **East London**.
• Employee wellness programs.
• Pension fund contributions.